Monday, June 24, 2013

Final Step in the Acquisition of Smith Barney Arrives

A final handshake on Morgan Stanley’s acquisition of Smith Barney will tie up some lingering loose ends, including a smoother clearing process for client assets, in one of the largest wealth management industry deals in the past decade. After a four-year process, Morgan Stanley has agreed to purchase the remaining 35% share of Smith Barney from Citigroup as soon as next week, the firm announced on Friday.Finishing Touches On Citi Deal Boost Morgan Stanley Wealth Management

-----The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions, as well as disputes between brokers and their firms. For more information contact Mark Astarita at 212-509-6544 or at mja@sallahlaw.com

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